Philly Shipyard has entered into a share purchase agreement with South Korean companies Hanwha Systems and Hanwha Ocean for the purchase of Philly Shipyard, the sole operating subsidiary of PHLY. The transaction will result in the company selling all of its business against receiving a cash...
Philly Shipyard
South Korean Shipbuilder Hanwha Makes $100M Bid to Buy Philly Shipyard, SECNAV Del Toro Praises Deal
An American shipyard that builds domestic cargo vessels and training ships for U.S. maritime colleges has agreed to a deal, in which it would be bought by a major South Korean shipbuilder.
Pending regulatory approvals, Philly Shipyard is set to be acquired by Hanwha Systems and Hanwha Ocean for $100 million from its Norwegian parent Anker ASA, according to a statement from the Philadelphia...
Philly Shipyard Sold to Hanwha for $100 Million
U.S. shipbuilder Philly Shipyard will be sold to South Korean conglomerate Hanwha in a deal value at $100 million. The confirmation comes after months of rumors that the two parties…
https://gcaptain.com/philly-shipyard-sold-to-hanwha-for-100-million/
Hanwha to acquire Philly Shipyard
In deal that was first reported as in the works last October, Philly Shipyard is to be acquired by Korea’s Hanwha Group, whose Hanwha Ocean is the former the former Daewoo Shipbuilding & Marine Engineering.
In a stock exchange announcement today Oslo-listed Philly Shipyard ASA reports that has entered into a share purchase agreement with both Hanwha Systems and Hanwha Ocean for the purchase of its sole operating subsidiary Philly Shipyard, Inc. (PSI).
The transaction will result in the Philly...
https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/hanwha-to-acquire-philly-shipyard/
LNG-fueled Matson newbuilds will have Kongsberg hybrid electrical systems
The three 3,600 TEU LNG-fueled Aloha class containerships on order at Philly Shipyard for Honolulu-headquartered Matson Navigation will feature Kongsberg Maritime hybrid electrical systems. At 260 meters (854 feet) long, the Aloha-class vessels are the largest Jones Act containerships ever built. Being built to operate on Matson’s China-Long Beach Express (CLX) service, the vessels are designed to operate at speeds in excess of 23 knots in support of Matson’s service hallmark – timely delivery...
Philly Shipyard and HD Hyundai sign MOU on potential business relationship
Philly Shipyard Inc., the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), and South Korea’s HD Hyundai Heavy Industries Co. Ltd. (a subsidiary of HD Hyundai Group, have signed a memorandum of understanding (MOU) to explore a potential business relationship relating to future U.S. government shipbuilding projects as well as maintenance, repair and overhaul (MRO) projects.
Philly Shipyard previously partnered with HD Hyundai for design and procurement support during the construction...
Philly Shipyard and HD Hyundai Heavy Industries Look Toward Future Collaboration
U.S. shipbuilder Philly Shipyard, Inc. and HD Hyundai Heavy Industries Co., Ltd. (HHI), South Korea’s largest shipbuilding group, have signed a Memorandum of Understanding (MOU) to explore opportunities for collaboration…
Philly Shipyard cuts steel for Cal Maritime NSMV
Philly Shipyard held a ceremony February 11 to mark the cutting of steel for the fifth National Security Multi-Mission Vessel (NSMV) destined for California State University Maritime Academy (Cal Maritime) in Vallejo, Calif. The ceremonial start of construction occurred at Philly Shipyard’s plasma cutting machine as the button was pressed to start the plasma steel cutting process.
This marked the last steel cutting ceremony for the five contracted vessels slated to be constructed for the...
MacGregor receives cargo handling solution order from Philly Shipyard
MacGregor, part of Cargotec, has received a significant order from SM Solutions/Philly Shipyard for cargo handling solutions for three 1,822 FEU-sized container carriers.
The order is booked into Cargotec’s fourth quarter 2023 order intake, with deliveries planned to commence during the fourth quarter of 2024 and be completed within 2026.
MacGregor’s scope of supply encompasses design, hardware and supply for hatch covers, lashing bridges, deck stanchions, fixed and removable cell guides in hold...
https://container-news.com/macgregor-receives-cargo-handling-solution-order-from-philly-shipyard/
Philly Shipyard: NSMV training ships will be a loss maker
No doubt about it, the contract to build the National Security Multi-Mission Vessel (NSMV) training ships was a life-saver for Philly Shipyard when it was awarded in April 2020. At that time, the shipyard’s newbuild order book was empty. Today, things are very different.
According to its just released results for the third quarter and first nine months of 2023, at September 30, 2023, Philly Shipyard had an order backlog of $1,793.7 million, with eight ships on its order book: four NSMV training...